A lot of guys only use the frig and a microwave anyway.3 - Codes typically have loopholes for "temporary structures" but make sure you observe all fire codes.

Lots of the old time landlords automatically reject lawyers and law students because since they have a high tendency to take you to court and abuse the numerous loopholes in the laws.

Is there a loop hole we as newbies are unaware of?

It's an interesting perspective because most things are addressed as making sure the landlord has closely followed his end of the bargain (they're looking for loopholes).

This link you provided does not explain how that person with $900 per month of income can pay all living expenses; it just picks on a loophole in rental criteria where most would just state income of 3 times rent, by arguing the tenant's rent is just a fraction of the total amount the landlord is to receive.

Account Closed Thank you for the link -I know we cannot discriminate in Ontario, however have been told Ontarians can play with a loophole like the reference checks came back not ideal or such.

We will people with foreclosures that went a short period of time (6 - 9 months) if they have a clean credit report for the past 2 years.We will never take tenants with any evictions or if they ever forced a prolonged foreclosure as 1) They have tasted what it is like to live rent/mortgage free and they just might like the taste of that  2) They probably know all of the loopholes and stall tactics in the book as well as every obscure right they have.Pass on them.

I don give up that easy.. and like I said I like this work.. and to be honest i have a guy here in Baltimore who is coaching me ( for free because he is just such a nice guy) and I told him that I filled all 13 vacancies, kicked out the squatter, collected back rent from 2 dead beats who were behind a total of $14,000 and evicted someone in the short time I have been in charge.. and I have raised the rent and by October of 2016 the rent roll will have gone from $300,00 annually to $674,000 .. ( some rents weren't  raised in almost 8 years and i started with new pricing for all new entries almost $300 a unit higher than they were getting last summer.. so I actually kinda think I'm pretty good at this.. do I know all the loop holes?

There are some loopholes in the ordinance, if used properly, can help you outdo your competitions.  

Some points of emphasis might beFHA loans require owner occupancy in at least one of the units (there may be loopholes around this but if there are, I am unaware)If you are planning on taking advantage of the lower down payment an FHA loan may allow, you will want to factor in PMI into your cash flow analysis until you reach less than 80% ltv.